I guess those old Wells Fargo commercials with the guys driving the stagecoach with shotguns in hand wasn't too far from the truth! :D
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finally joined the forum guys. Been a shareholder of siri for two years now and takin a beating like most but have manage to avg down to .30 here for the long run too!! Hope we can get over this .36 hump and roll on.. Cant wait for up tick rule to come into play either.:)
Doobz,
Do what you want - but I feel the need to tell you what I just went through getting OUT of HELLS FARGO...
They will rape you with fees... it costs something like 34.95 for penny stocks - unless you have a high enough balance in your account (which no one I know has) - it took me a couple months to escape them - and I even spent some time trading with Sharebuilder (better than Wells - but not nearly as nice as TD Ameritrade).
I wish you luck - just hoping to save some of you the pain I just went through... I switched to TDA - have 505 free trades for the transfer, no extra fees for large orders or penny stocks - and it has the best trading tools and education site I've found....
I am truly happy with my new TDA account... it's like having lightning at your fingertips..
Oh... and Wells charged me 70 dollars because I transferred out of them... after those bastards stalled my attempts to shift into both ING and TDA.... I will never ever touch wells again...
JMHO
Maybe everyone should be putting in small buys of 100 shares at $2.00 rather then sells? Seems like that would have more of an effect then the sell orders.
My trading program with fidelity won't let me put in a sell or a buy with a price difference of more or less then 30% from the current price.
I have used TDA for the last year. 10 bucks per trade no matter what... 1 share or 10 million... Rick... just a note... the TDA free trades are for 30 days then they expire.
I don't think it would fill at the market price if it is a limit order will it? I actually have never tried this so really don't know....Actually, now I need to think about this, because if it would fill at $2 it seems like someone would have already tried that!! :D
Paratrooper Rick, I am currently with ING, I am interested in transferring over to TDA. Any tips on promotions, the cost to transfer between the two? How much time will I not be able to make trades during the transition? Any other info you might find useful. I dont know if they are like ING but I will be happy to pm you my email if they offer any referral bonus for you.
Thanks in advance
JB